News - Business and Economy

Following the clamour to revitalize the Agricultural sector in the country, the Committee on Agriculture in the National Assembly sought collaboration with Research agencies to come up with ways to positively diversify the economy.

The impressive growth of the nation's economy on paper with no visible impact on the lives of the Nigerian people has left Civil societies with no choice but to question excatly what ecnomic policies are being implemented by the government.

A multi-billion naira plantation in Rivers state has provided the litmus test of growing investors’ confidence in the efforts of the Governor Amaechi administration in boosting the agricultural sector in the state.

The Nigerian House of Representatives has summoned the Managing Director of Mainstreet bank, Faith Tuedor-Matthews to appear before it following a petition brought by 670 staffers allegedly sacked by the bank. Reading through the riot act at an interactive session with the petitioners, the Chairman House Committee on Banking and Currency, Jones Victor Onyereri says the bank chief risks being arrested if she fails to appear before the committee on the October 2nd.

Consideration of the 2014 and 2016 medium-term expenditure framework suffered a setback on the floor of the Nigerian Senate on Wednesday when the Upper camber of the legislative arm stood down debate on the projections in the documents to seek further information on the assumptions.

Accompanied by some other members of the committee, the Chairman Abdul Ningi, demanded to know the performance level of the Sure-P intervention scheme. He asked for the highlights of the terms of reference, of limitations, and where necessary, of successes and challenges.

The Group Managing Director of the United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has been named Socially Responsible Investment (SRI) 30 “CEO of the Year” by African Investor; one of the leading investment and specialist communications firm advising governments and businesses on investments in Africa.